Three Essays in International Macroeconomics
Three Essays in International Macroeconomics
View/Type of Scholarly Publication
DissertationDate of Exam
27.03.2019Date of Publication
18.06.2019Advisor
Müller, Gernot J.Co-Referee
Born, BenjaminMetadata
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Abstract
This thesis challenges three views in international macroeconomics with important policy implications. The first chapter asks how fiscal policy should be designed in a monetary union and draws novel conclusions. The second chapter challenges the notion how nominal exchange rates respond to exogenous interest rate changes under rational expectations. It provides new empirical evidence and a theoretical explanation of this evidence. The third chapter calls the view into question that the German current account surplus is too large by rationalizing the surplus on the basis of a theoretical model.
Subjects
Fiscal policy, currency union, effective lower bound, coordination, spot exchange rate, monetary policy, information frictions, current account, present value model, Germany
Classification (DDC)
330 WirtschaftHettig, Thomas: Three Essays in International Macroeconomics. - Bonn, 2019. - Dissertation, Rheinische Friedrich-Wilhelms-Universität Bonn.
Online-Ausgabe in bonndoc: https://nbn-resolving.org/urn:nbn:de:hbz:5-54562
Online-Ausgabe in bonndoc: https://nbn-resolving.org/urn:nbn:de:hbz:5-54562
@phdthesis{handle:20.500.11811/7758,
urn: https://nbn-resolving.org/urn:nbn:de:hbz:5-54562,
author = {{Thomas Hettig}},
title = {Three Essays in International Macroeconomics},
school = {Rheinische Friedrich-Wilhelms-Universität Bonn},
year = 2019,
month = jun,
note = {This thesis challenges three views in international macroeconomics with important policy implications. The first chapter asks how fiscal policy should be designed in a monetary union and draws novel conclusions. The second chapter challenges the notion how nominal exchange rates respond to exogenous interest rate changes under rational expectations. It provides new empirical evidence and a theoretical explanation of this evidence. The third chapter calls the view into question that the German current account surplus is too large by rationalizing the surplus on the basis of a theoretical model.},
url = {https://hdl.handle.net/20.500.11811/7758}
}
urn: https://nbn-resolving.org/urn:nbn:de:hbz:5-54562,
author = {{Thomas Hettig}},
title = {Three Essays in International Macroeconomics},
school = {Rheinische Friedrich-Wilhelms-Universität Bonn},
year = 2019,
month = jun,
note = {This thesis challenges three views in international macroeconomics with important policy implications. The first chapter asks how fiscal policy should be designed in a monetary union and draws novel conclusions. The second chapter challenges the notion how nominal exchange rates respond to exogenous interest rate changes under rational expectations. It provides new empirical evidence and a theoretical explanation of this evidence. The third chapter calls the view into question that the German current account surplus is too large by rationalizing the surplus on the basis of a theoretical model.},
url = {https://hdl.handle.net/20.500.11811/7758}
}
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